Orange County NC Website
2. The expiration date of the Lease shall be September 30, 2027. <br />3. The Rent for the premises for the Lease period shall be as follows: <br />Monthly: $24,500 Annually: $294,000 Full Term:$2,940,000 <br />4. Subject to County approval the Tenant will have the right to execute two (2) consecutive <br />renewal options for a Term of five (5) years each for consideration to be mutually agreed upon <br />by the County and the Tenant at a time preceding the contemplated renewal period: <br />Renewal option one (1): October 1, 2027 — September 30, 2032 <br />Renewal option two (2): October 1, 2032 — September 30, 2037 <br />5. The Tenant will ensure a facility roof replacement is completed no later than September 30, <br />2020 in accordance with the Lease. Specifications for the roof replacement will be reviewed and <br />approved by the County prior to replacement; approval will not be unreasonably withheld. <br />6. In all other respects said Lease Agreement shall remain in full force and effect unchanged and <br />shall not be altered in any way by this modification. <br />[SIGNATURE PAGE TO FOLLOW] <br />